Affordability discussion (split from Iran thread)

[LouderVol]

I don't think VA loans carry any break on interest rates in my experience they simply let you buy without a down payment and no PMI.

There are apparently more than just the "veteran affairs" loans. I never found out the details because I am not one, but apparently there were ways to make it work thru some veteran programs that were not available to me as a citizen.

 

[YankeeVol]

I don't think VA loans carry any break on interest rates in my experience they simply let you buy without a down payment and no PMI.

I was able to use points to lower my rate if I wanted.

 

[Volnanza]

As AI rolls out, the shoe may be on the other foot this time. People with vocational skills are at a premium.

Yikes! This is going to be quiet a shock.

Fears of an AI job massacre grow as Meta plots to axe staff

Whispers that Meta founder Mark Zuckerberg could pull the trigger on axing one in five staff could become reality as they pour billions into artificial intelligence.

www.dailymail.co.uk

 

[85SugarVol]

Yikes! This is going to be quiet a shock.

Fears of an AI job massacre grow as Meta plots to axe staff

Whispers that Meta founder Mark Zuckerberg could pull the trigger on axing one in five staff could become reality as they pour billions into artificial intelligence.

www.dailymail.co.uk

I blame the Boomers

 

[LouderVol]

Here is yet another study talking about what it actually costs to live these days.

A typical U.S. family needs annual income of $145,000 to thrive, study finds. About half fall short.

Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.

www.cbsnews.com

145k for a family with kids to be financially secured, as described as being able to pay all their bills without government assistance.

95k without kids, meaning 50k for kids. more than 1.

Yall can pretend like its still the time where you could get a loan off of a handshake and you walked up hill 20 miles both ways on your way to work everyday and you thought you were lucky.

That is simply not reality. There are not enough low cost areas to live in to make things affordable for most.

 

[LouderVol]

Even if you halved those costs because you lived in a cheap area and were paying 90s costs, 70k+ is still out of reach for a lot of people.

 

[McDad]

Yall can pretend like its still the time where you could get a loan off of a handshake...

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

 

[Orangeburst]

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

The ocean is running out of shrimp?

 

[McDad]

The ocean is running out of shrimp?

The jerk store called. They're running out of YOU.

 

[LouderVol]

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

oh I know. Its one of the reasons I want to end the current system of SS and reform it to actually work for people. its one of the reasons I want to see debt spending curtailed. its one of the reasons without even really trying for a kid I have money set aside for them. its one of the reasons I want to see the education reworked to actually teach reality instead of teaching tests.

 

[85SugarVol]

Here is yet another study talking about what it actually costs to live these days.

A typical U.S. family needs annual income of $145,000 to thrive, study finds. About half fall short.

Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.

www.cbsnews.com

145k for a family with kids to be financially secured, as described as being able to pay all their bills without government assistance.

95k without kids, meaning 50k for kids. more than 1.

Yall can pretend like its still the time where you could get a loan off of a handshake and you walked up hill 20 miles both ways on your way to work everyday and you thought you were lucky.

That is simply not reality. There are not enough low cost areas to live in to make things affordable for most.

No one has said that. It’s nothing more than a strawman you keep raising to attack.

But by all means, keep coming in here whining and bitching with your woe is me tantrum - I’m sure those rain clouds are gonna clear any time now.

 

[LouderVol]

No one has said that. It’s nothing more than a strawman you keep raising to attack.

But by all means, keep coming in here whining and bitching with your woe is me tantrum - I’m sure those rain clouds are gonna clear any time now.

I made it thru. I did everything I was supposed to, and I was lucky that it worked out for me. There are plenty of my peers who made similar decisions and weren't as lucky.

just because there are survivors from a disaster, or those not impacted by it, doesn't mean its less of a disaster.

 

[85SugarVol]

I made it thru. I did everything I was supposed to, and I was lucky that it worked out for me. There are plenty of my peers who made similar decisions and weren't as lucky.

just because there are survivors from a disaster, or those not impacted by it, doesn't mean its less of a disaster.

We moved from crisis to disaster.

I guess the only thing left is the “existential threat” classification, on par with Covid and Man-Made Climate Change.

 

[LouderVol]

We moved from crisis to disaster.

I guess the only thing left is the “existential threat” classification, on par with Covid and Man-Made Climate Change.

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

 

[trout-vol]

The jerk store called. They're running out of YOU.

Comedy

 

[trout-vol]

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

Isn't a crisis definition the same as wealthy paying their "fair share"

 

[85SugarVol]

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

You and others are the ones throwing out words like “crisis” and “disaster”. It’s neither of those things.

Is it challenging? Yes, no one has said otherwise.

Have all succeeding generations faced new and novel challenges that the preceding generation did not? Yes, the answer is yes.

 

[LouderVol]

You and others are the ones throwing out words like “crisis” and “disaster”. It’s neither of those things.

Is it challenging? Yes, no one has said otherwise.

Have all succeeding generations faced new and novel challenges that the preceding generation did not? Yes, the answer is yes.

dude, you can go back to when I was first @'d into this conversation.

I said I didn't see "crisis" defined, and offered my own reasoning for calling it such. no one else ever came back to better define what they would call this financial times for young people. if you don't want us to use the word crisis offer a better word.

One of the reasons i THINK it gets up to crisis levels is because of all the marked changes you are seeing in the younger generations that are different from the previous.

having kids later is at least partially due to costs.
buying a house later is at least partially due to costs.
finding "alternate" living arrangements is at least partially due to costs.
gobbs more government red tape, insurance, and litigation.

Those things existed before, but not to this level. the fact that those issues and stats are RISING is saying things are getting worse than previous generations. and yeah some of that is due to the financial illiteracy of my generation, but all we had to learn from were parents and a government that lived in debt. You guys are the ones wanting to argue the semantics of "crisis" to death without offering an actual description. because its clearly not the same old same old, there are new factors at play that weren't really thing even 20 years ago.

medical debt has become a noticeable factor in a young persons life for the first time as a generality.
educational debt is a new thing. meanwhile the value of said degree has dropped. when the previous best case way for someone to become financially stable suddenly becomes unviable its a problem, at the least.
you throw in AI, and that is a whole magnitude of change greater than the computer.
these widespread tariffs are new, we have a president playing yoyo with the economy in an unprecedented fashion.

not all change is the same escalation as before. maybe you guys want to see the wall come crashing down before you are willing to call it a "crisis" but I see the undermining of said wall and am willing to wave my arms around to call attention to it instead of avoiding the ACTUAL conversation all together.

but don't worry, I don't expect you to actually engage in the conversation. you will just want to spend 20 more posts arguing a single word that isn't even critical to the conversation.

 

[85SugarVol]

dude, you can go back to when I was first @'d into this conversation.

I said I didn't see "crisis" defined, and offered my own reasoning for calling it such. no one else ever came back to better define what they would call this financial times for young people. if you don't want us to use the word crisis offer a better word.

One of the reasons i THINK it gets up to crisis levels is because of all the marked changes you are seeing in the younger generations that are different from the previous.

having kids later is at least partially due to costs.
buying a house later is at least partially due to costs.
finding "alternate" living arrangements is at least partially due to costs.
gobbs more government red tape, insurance, and litigation.

Those things existed before, but not to this level. the fact that those issues and stats are RISING is saying things are getting worse than previous generations. and yeah some of that is due to the financial illiteracy of my generation, but all we had to learn from were parents and a government that lived in debt. You guys are the ones wanting to argue the semantics of "crisis" to death without offering an actual description. because its clearly not the same old same old, there are new factors at play that weren't really thing even 20 years ago.

medical debt has become a noticeable factor in a young persons life for the first time as a generality.
educational debt is a new thing. meanwhile the value of said degree has dropped. when the previous best case way for someone to become financially stable suddenly becomes unviable its a problem, at the least.
you throw in AI, and that is a whole magnitude of change greater than the computer.
these widespread tariffs are new, we have a president playing yoyo with the economy in an unprecedented fashion.

not all change is the same escalation as before. maybe you guys want to see the wall come crashing down before you are willing to call it a "crisis" but I see the undermining of said wall and am willing to wave my arms around to call attention to it instead of avoiding the ACTUAL conversation all together.

but don't worry, I don't expect you to actually engage in the conversation. you will just want to spend 20 more posts arguing a single word that isn't even critical to the conversation.

What do you want? A decree that you’re unique and different? Special designation and programs to right this horrible wrong that renders you helpless and without prospect?

Great news. There’s an entire political party that will promise you all of that and more.

They’ll take what has been unfairly accrued to others, and dispense it to the victims of this economic malaise - go vote for it.

 

[LouderVol]

What do you want? A decree that you’re unique and different? Special designation and programs to right this horrible wrong that renders you helpless and without prospect?

Great news. There’s an entire political party that will promise you all of that and more.

They’ll take what has been unfairly accrued to others, and dispense it to the victims of this economic malaise - go vote for it.

I have already brought up multiple ways to address it that fall far from the leftists ideal. but you don't care about that and want to throw out red herrings instead of actually engaging with any options that would be acceptable to you.

I told McDad, fixing runaway government spending would go a long way to combating inflation as we see it now.
I have complained for years about getting the government out of health care, thankfully the worst of the ACA price bump is long past, but still plenty of fixes to go.
Removing the government as a backer of student loans, and make it dischargeable - may not be the proper term- in bankruptcy would curtail the worst of that issue.

introducing a real home "economics" class to teach students about these issues is probably the most "left" thing I have suggested.

but no, instead of engaging any of the points previously brought up, or bringing them up yourself incase you missed them, or other acceptable fixes, you have spent X number of pages arguing what the definition of "is" is.

 

[85SugarVol]

I have already brought up multiple ways to address it that fall far from the leftists ideal. but you don't care about that and want to throw out red herrings instead of actually engaging with any options that would be acceptable to you.

I told McDad, fixing runaway government spending would go a long way to combating inflation as we see it now.
I have complained for years about getting the government out of health care, thankfully the worst of the ACA price bump is long past, but still plenty of fixes to go.
Removing the government as a backer of student loans, and make it dischargeable - may not be the proper term- in bankruptcy would curtail the worst of that issue.

introducing a real home "economics" class to teach students about these issues is probably the most "left" thing I have suggested.

but no, instead of engaging any of the points previously brought up, or bringing them up yourself incase you missed them, or other acceptable fixes, you have spent X number of pages arguing what the definition of "is" is.

If anyone is engaging in wasted words, it’s you. I’ve long ago echoed your charges against Gov’t spending, healthcare, and student loans.

It is you that appears to be hung up here, not I.

What is it that you’re really looking for - Someone to affirm your positions? A tender digital embrace? A Good Will Hunting inspired “it’s not your fault”?

Or just to rant and ramble about how horribly unfair everything is?